Kurt Karl
Kurt Karl
avoiding bit economy housing increase interest later necessary problems raising rates slowing time
We have a housing valuation issue. The time is now for raising interest rates and defusing these problems potentially by slowing down the economy a bit and avoiding a big necessary increase later and a consequential recession.
deficit equity improved looked move negative record risk
We improved in May, but it looked too good, so we may have some payback and that could move the market. The possibility of a record deficit would be a shock. It's a negative risk for the equity market.
bad report
It doesn't look like a very bad report to me.
expected gasoline good high minds news prices
We had expected a rebound. Gasoline prices are down a lot, so that is good news, but they are still very high and that may be what is weighing on people's minds at this point.
given oil slowing speeding unclear volatility weather
It is unclear if things are slowing down or speeding up given all the volatility we've had in weather and oil prices.
amount consumers displaying facing high oil remarkable
Consumers are facing high oil prices, but they are still displaying a remarkable amount of resilience.
coming fourth inflation investment keeps mainly markets oil rebound related remain remember strong ticking weak
It's a solid, strong report. But we have to remember we are coming from a very weak fourth quarter, so this is mainly a rebound from those weak levels. Consumption and investment remain strong and inflation keeps ticking up, but most of it is still related to oil prices. This could bode well for markets this Friday.
death greatly home housing market sales
The death of the housing market is greatly exaggerated. Home sales will come off but just a bit.
cause certainly clear exact katrina looks reason risky
We don't know the exact cause or reason, but it's certainly clear when you look at the worst-ever catastrophic event, which it looks like Katrina will be, we're in a different world, and it's a much more risky world for catastrophic events.
bit bond change expect
The year-on-year was (up) 2.2 percent. That is a change and that is worrisome for the Fed. You would expect a bit of a sell-off in the bond market.
fourth included katrina momentum oil prices report seem spike strong
This is a very positive, strong report and encouraging because it included Katrina and a spike in oil prices and we still just seem to have a lot of momentum going into the fourth quarter.
components major news rising worry
This is O.K. news on inflation. There is no major worry here. No components are rising rapidly.
components major news rising worry
This is O.K. news on inflation, ... There is no major worry here. No components are rising rapidly.
constraint consumer higher housing interest oil prices rates rising slowing
Oil prices are higher and there's a constraint on the consumer because of that. You've also got rising interest rates and a slowing housing market.